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20121027
20121104
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thaÑaÑaÑaÑaÑaÑñ of labor unions and good government organizations say mitt romney and his family made millions from investments as a result of the auto bailout but did not reveal the windfall in his june 1st, 2012 financial disclosure report to the office of government ethics. uaw president bob king says mitt romney and his family personally profited by at least $15.3 million from the 2009 auto bailout, yet did not disclose that in financial statements to run for president. "the public needs to know how much mitt romney bet against the american worker with his investment." at an auto workers' union hall in toledo, ohio, king and investigative journalist greg palast described ann and mitt romney's involvement in a hedge fund that purchased delphi automotive, a key supplier of parts to general motors, and how delphi's new owners got rid of 25,000 workers, dumped pensions and leveraged more than $12 billion in rescue funds by threatening to withold key auto parts from reaching gm's assembly line. "the hedge fund held up steering columns and other things that had gm not gotten them, they
activity--repairing and rebuilding. depsite the storm-- the government is expected to report unemployment numbers for october this friday. phone companies along the east coast are preparing for the likelihood of overtaxed communication infrastructure during hurricane sandy. at&t is fueling up emergency portable generators and disaster recovery trailers to move into affected areas. authorities recommend people use text messaging rather than phoning or internet during large scale disasters. texting uses far less network capacity. several corporations are postponing earnings reports in the wake of hurrican sandy. among some notable companies that were supposed to report today pfizer, sirius xm radio, power plant company nrg, martha stewart living and avon are all waiting until later this week or even next week to report numbers. a number of potentially market moving events are cancelled in new york. new york federal reserve president william dudley has called off his speech today in connecticut. his remarks tend to be closely monitored because he's reportedly viewed as a close confidant
. 500 chefs are asking the u.s. government to prevent unapproved fish from making it onto american plates. and the national average on a gallon of unleaded gasoline dipped 14 cents from last week. kevin craney of rjo futures joins us on this monday morning. good morning to you kevin. > > good morning. > > better-than-expected news about the economy came out in that gdp number on friday. will we see follow-through in the market today? > > i think you will see a little bit of follow-through. that number is really a feel- good number. 2% above expectations. but really i do think it's important to dig down into the details of that number - fixed investment and exports actually contracting. so, the question is how long can the consumer continue to spend and the government continue to spend and prop up the economy? so, i think that's something you have to watch. but yes, i do think we'll see a little follow-through today. > > how much of an effect do you think this storm that seems to be brewing out there, wicked whether this week, will affect the market? will it be rattled? > > the mode
disaster assistance, grants or loans. president obama is already making government assistance available in new york city and parts of new jersey. an executive-level shake-up at apple: two senior vice presidents, one in charge of apple's retail stores and the other tied to the google maps debacle, are leaving the company. john browett's departure is immediate. he cut staffing hours at apple's retail stores, a traditional retail move to improve profits but which, at apple, undercut what some describe as ambassadors of apple's brand who guide customers to in-person technical support. scott forstall's software division replaced google maps with apple's own maping application that suffered heavy criticism from iphone five customers. apple admits the retail cutbacks were a mistake and has apologized for weaknesses in its mapping application. boeing is delaying the delivery united continental. the airline picked up its first 787 in september. the timetable for the next delivery is unclear. meanwhile, boeing reportedly is closing a deal to sell 35 of its redesigned 737 aircraft to russia's avi
next year. the government is already under pressure to avoid the year-end fiscal cliff. last year's debt negotiations in congress resulted in a decision to raise the debt ceiling, along with a lowered credit rating from standard and poors. u.s. automakers are setting a new pace to deal with a slowdown in europe. ford and gm reported better-than-expected profits this week as north american sales helped boost revenue while european demand dropped. gm is looking to save $500 million in the next couple years as it restructures in that region. the automaker says it has cut 2,300 jobs in europe and wants to cut 300 more. ford is also restructuring by eliminating 5,700 workers in the uk and europe. "europe has been on the brink for awhile now. but it doesn't seem to be really impacting u.s. sales and north america remains a very profitable wing for most of these automakers worldwide. so europe is slumping and slowly but surely automakers are starting to remove capacity from that region and that should help them deal with it in the long run." that was kelsey may of cars.com. ford and gm b
Search Results 0 to 4 of about 5

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